F&BSGThe Business of F&B.Suntory Beverage cuts profit outlook despite 9.8% revenue growth
Suntory Beverage & Food reported nine-month revenue of JPY1.404 trillion, up 9.8%, and operating income of JPY130.3 billion, up 2.9%. It cut its full-year operating-income forecast to JPY147.5 billion, citing higher raw-material and logistics costs.
What happened
Suntory Beverage & Food reported nine-month revenue of JPY1.404 trillion, up 9.8%, and operating income of JPY130.3 billion, up 2.9%. It cut its full-year operating-income forecast to JPY147.5 billion, citing higher raw-material and logistics costs.
Source and editorial note
This is F&BSG’s summary of reporting by Suntory Beverage & Food. Read the original source for the full context and any subsequent updates.
Read the original at Suntory Beverage & Food ↗
F&BSG’s summaries are informational and may become outdated. For corrections, see the editorial policy.